Tag: company

On Friday, Netflix (NASDAQ:NFLX) received an upgrade to \’Buy\’ from \’Hold\’ by Needham, with the firm setting a new price target of $700 for the streaming giant\’s stock. The upgrade follows Netflix\’s first-quarter earnings release, which showcased a revenue of $9.4 billion, marking a 15% year-over-year increase and surpassing estimates by 1%. The company\’s GAAP earnings per share (EPS) also rose significantly by 83% year-over-year to $5.28, exceeding estimates by 18%.

Sequentially PAT jumped 11% over Rs 487.92 crore posted in Q3FY24. Meanwhile, the revenue jumped 3.60% on a quarter-on-quarter basis.

On Thursday, Needham & Company reaffirmed its buy rating on Amazon (NASDAQ:AMZN) and maintained its price target on the stock at $205. The firm has increased its profit estimates for the e-commerce giant for fiscal year 2024 (FY24), citing a shareholder letter from CEO Andy Jassy, which indicated a focus on cost-cutting measures in Amazon\’s inbound fulfillment and inventory placement.

23andMe Holding Co. (ME) stock rose sharply Thursday after it was revealed that Anne Wojcicki, the company\’s Chief Executive Officer and Co-Founder, plans to take the company private.

During the same period in the previous year, the company had reported a net profit of ₹437 crore. The company declared a final dividend of ₹6 for FY24, taking the total dividend payout to ₹11 a share.

The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.

Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It\’s a sharp comedown since nearing $80 after the owner of Truth Social merged with a shell company to get its stock trading on the Nasdaq under the symbol \”DJT,\” for Trump\’s initials.